Property Development

The San Francisco Bay Area Rapid Transit District (BART) is the steward of a large-scale public investment, which includes important real property assets essential to BART’s operation. These assets also contribute to the ongoing financial viability of the transit system. Recent system extensions and federal, state and regional policy direction to concentrate growth around transit further enhances the value of these assets. By promoting high quality, more intensive development on and near BART-owned properties, the District can increase ridership, support long-term system capacity and generate new revenues for transit. Also, such development creates attractive investment opportunities for the private sector and facilitates local economic development goals.

Recommendation #1: Pursue Transit-Oriented Development, not Joint Development - BART should work proactively with cities to plan for development over a larger area around its stations that is both supportive of transit service and maximizes the value of the land.

BART is currently engaged in 18 transit-oriented development projects at its stations, representing over $2.7 billion in private investment. Here is an overview of BART's Transit Oriented Development Projects (3.1 Mb .pdf).